2 weeks Ago By ABMN Staff
Matrix Private Capital Group LLC lifted its position in shares of CDW Co. ( NASDAQ:CDW – Free Report ) by 3.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 1,844 shares of the information technology services provider’s stock after acquiring an additional 63 shares during the quarter. Matrix Private Capital Group LLC’s holdings in CDW were worth $413,000 at the end of the most recent quarter. Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock.
Massmutual Trust Co. FSB ADV grew its position in CDW by 5.9% during the first quarter.
Massmutual Trust Co. FSB ADV now owns 767 shares of the information technology services provider’s stock worth $196,000 after buying an additional 43 shares during the period. RDA Financial Network grew its position in CDW by 3.
0% during the second quarter. RDA Financial Network now owns 1,587 shares of the information technology services provider’s stock worth $355,000 after buying an additional 46 shares during the period. Tokio Marine Asset Management Co.
Ltd. grew its position in CDW by 1.4% during the first quarter.
Tokio Marine Asset Management Co. Ltd. now owns 3,446 shares of the information technology services provider’s stock worth $881,000 after buying an additional 47 shares during the period.
Oregon Public Employees Retirement Fund grew its position in shares of CDW by 0.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 11,541 shares of the information technology services provider’s stock valued at $2,583,000 after purchasing an additional 54 shares during the last quarter.
Finally, Boltwood Capital Management grew its position in shares of CDW by 3.2% in the first quarter. Boltwood Capital Management now owns 1,777 shares of the information technology services provider’s stock valued at $455,000 after purchasing an additional 55 shares during the last quarter.
93.15% of the stock is currently owned by institutional investors and hedge funds. Insiders Place Their Bets In related news, insider Christine A.
Leahy purchased 1,200 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were bought at an average price of $216.15 per share, with a total value of $259,380.
00. Following the completion of the purchase, the insider now directly owns 102,200 shares in the company, valued at approximately $22,090,530. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link .
In other news, insider Sona Chawla sold 18,437 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $240.45, for a total value of $4,433,176.
65. Following the transaction, the insider now owns 22,428 shares of the company’s stock, valued at approximately $5,392,812.60.
The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . Also, insider Christine A. Leahy bought 1,200 shares of the business’s stock in a transaction dated Thursday, August 1st.
The stock was acquired at an average cost of $216.15 per share, for a total transaction of $259,380.00.
Following the purchase, the insider now owns 102,200 shares in the company, valued at approximately $22,090,530. The disclosure for this purchase can be found here . 0.
90% of the stock is currently owned by insiders. CDW Stock Performance CDW ( NASDAQ:CDW – Get Free Report ) last posted its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $2.
34 earnings per share for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.05).
The company had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.43 billion.
CDW had a return on equity of 62.22% and a net margin of 5.29%.
The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.
43 EPS. On average, sell-side analysts predict that CDW Co. will post 9.
4 EPS for the current year. CDW Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were paid a dividend of $0.
62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 1.
08%. The ex-dividend date was Monday, August 26th. CDW’s dividend payout ratio is currently 30.
96%. Wall Street Analysts Forecast Growth Several analysts have recently commented on the stock. Barclays lowered their price target on shares of CDW from $232.
00 to $229.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. Northcoast Research upgraded shares of CDW from a “neutral” rating to a “buy” rating and set a $270.
00 price target on the stock in a research report on Friday, June 7th. Finally, Stifel Nicolaus increased their price target on shares of CDW from $250.00 to $260.
00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $254.
63. Check Out Our Latest Report on CDW CDW Profile ( Free Report ) CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public.
The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security. Further Reading Receive News & Ratings for CDW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDW and related companies with MarketBeat.com's FREE daily email newsletter .
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